What is the price of margarine per kilogram/pound in Jamaica today?
The retail price range for Jamaica margarine is between US$ 3.78 and US$ 4.84 per kilogram or between US$ 1.71 and US$ 2.19 per pound(lb). Click here to see today's exact prices of margarine in Jamaica
The retail price range in Jamaican Dollar for margarine is between JMD 588.37 and JMD 753.47 per kilogram or between JMD 266.83 and JMD 341.71 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica margarine is between US$ 2.64 and US$ 3.39 per kilogram or between US$ 1.20 and US$ 1.54 per pound(lb).
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Jamaica Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Jamaica over the last five years has been relatively stable. In 2017 and 2018, the price was 1.76 US $ per kg, before increasing to 2.09 US $ per kg in 2014. In 2015, the price dropped to 1.86 US $ per kg, before increasing again to 2.17 US $ per kg in 2019. The most recent year, 2021, saw the price drop slightly to 1.94 US $ per kg. Based on this data, it is likely that the export price per kilogram of Margarine from Jamaica will remain relatively stable in the coming years, with an estimated price of 1.94 US $ per kg in 2023 and 2024.The margarine exports from Jamaica are classified as:
- Margarine (excluding liquid) (HS code 151710)
Jamaica Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Jamaica over the last five years has been relatively stable. In 2017 and 2018, the price was $1.76, before increasing to $2.09 in 2014. In 2015, the price dropped to $1.86, before dropping again to $1.76 in 2016. The price then increased to $2.17 in 2019, before dropping to $1.85 in 2020. The most recent data shows that the price has increased to $1.94 in 2021. Based on this trend, it is predicted that the import price per kilogram of Margarine into Jamaica in 2023 will be $2.05 and in 2024 will be $2.16.Export values for Jamaica margarine
The total values in export for margarine in Jamaica were US$ 180, US$ 201, US$ 173 and US$ 114 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of margarine in other countries across Caribbean: Aruba margarine, Bahamas margarine, Barbados margarine, Cuba margarine, Dominican Republic margarine, Grenada margarine, Guadeloupe margarine, Haiti margarine, Jamaica margarine & Martinique margarine.
Jamaica margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica exported 53 tonnes of margarine. For 2019 alone, the interest in Jamaica margarine (processed category) has reduced, changing by -37.647 pc compared to the year 2018. Between 2017 and 2019, margarine's exports reduced by -53.51 percent bringing Jamaica US$0.11m for the year 2019. Jamaica's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Jamaica margarine export values
In 2019, Jamaica supplied margarine costing 0.11m USD, a contraction of -36.42% from 2018's total margarine export of 0.173m USD. The yearly reduction in value of Jamaica margarine between 2017 to 2018 was -13.93 pc.
The annual/yearly variation in the volume of Jamaica's margarine exports between 2017 and 2019 was -53.51 per cent when compared to a variation of -37.647% in the growth rate between 2018 and 2019.
Export markets for Jamaica margarine ( in '000$ )
Jamaica's leading destinations for margarine are Grenada, US, United Kingdom (UK), Canada and Saint Lucia.
Jamaica ordered 2,537 tonnes of margarine in 2019.